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Post-open Review… Hunkering down. – If, Then… Market Timing

Post-open Review… Hunkering down.

By Rod David | September 17, 2015 - 10:21 am

Post-open ranging not getting any takers.

Perhaps the prior two days’ pattern will repeat again today. They began trending up after a no-bias or noN-bias had been signaled. And their delay was compensated by trending up sharply.

Now this morning’s open has avoided triggering a bias, firming from 1980.50 up to 1986.50, centered around yesterday’s 1984.50 cash session close.

Late trending at all would still comply with the pattern of late trending — it can be downward and not necessarily up. But trending isn’t necessary at all, paralyzed by anxiousness ahead of this afternoon’s FOMC events.

Posted in Post-open Review, S&P